Acupuncture market CAGR to climb 14.09% until 2027

Its expansion is attributed to a trend towards advancements in healthcare facilities.

The global market for acupuncture is projected to grow by $16.83b until 2027 at a compound annual growth rate (CAGR) of 14.09%, according to a Technavio report.

The market is witnessing notable growth due to a trend towards healthcare facility advancements amidst a rising geriatric population.

“Healthcare facilities are shifting from a supply-based infrastructure to a demand-driven service model due to rising individual demand and willingness to spend on various treatment stages” the report said.

This shift has enabled providers to invest in expanding health offerings, which now include acupuncture treatments as a drug-free alternative for pain management and muscle mobility improvement.

This further aligns with the growing incidence of chronic conditions, such as osteoarthritis, rheumatoid arthritis, and fibromyalgia.

Meanwhile, the market is witnessing a trend towards design innovations that include the adoption of heat, pressure, friction, suction, and electromagnetic energy.

“Product innovations, such as nano-sensor-loaded needles for sensitive, portable, and selective detection, are also driving market growth,” the report added.